Post
Topic
Board Lending
Topic OP
[WANT] 6000 USDC Secured Loan
by
dissontor
on 20/04/2024, 15:32:29 UTC
I only registered because there's no DeFi market currently that accepts RSR as collateral.
There's a random reddit post that Fringe Finance is going to integrate it, but it's not there and Fringe Finance?

Anyways.
I own around 7 500 000 RSR which is at current prices ~$45,000.
Binance listed.

I am missing some money to purchase a car I wish to drive for Uber during the summer and I wish not to liquidate my RSR which I have been holding for multiple years since I'm expecting it to grow a lot.

I'm wondering what kind of interest rates would I get?
Note, 0.5%/day etc. is completely preposterous. I can get 10%/month from a local loan shark with no collateral lol.
Since it would be heavily collateralized, I would like it to be around 3%/month or so, but I'm open to offers.
It's likely going to be paid off within 3 months.